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Evergrande impact: Bitcoin slides to $45,000 as traders pare back on risk

Bitcoin dropped 5.4% to $45,025 as of 9:49 a.m. in London, reaching the lowest level in a week

Bitcoin | cryptocurrency

Lynn Thomasson | Bloomberg 


prices slumped as a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets.

dropped 5.4% to $45,025 as of 9:49 a.m. in London, reaching the lowest level in a week. Other digital assets also retreated, with Cash and Ether all declining.

Stock markets globally sank on Monday as investors weighed the risk of a spillover from Evergrande’s debt woes and this week’s Federal Reserve meeting. prices had been trending higher recently, with prices hitting a four-month high earlier this month.


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First Published: Mon, September 20 2021. 15:38 IST